In a significant milestone, Timeline, a prominent British FinTech platform dedicated to independent financial advisers, has successfully concluded a £10 million Series B funding round. This funding was led by BlackFin Capital Partners, a distinguished private investment firm with expertise in financial technology. Coinciding with this achievement, Timeline has reached an impressive milestone of £3 billion in Assets Under Management (AUM), firmly establishing its trajectory toward doubling in size by the close of 2023.
Founded in 2018 by CEO Abraham Okusanya, Timeline has emerged as a trailblazing force in the financial advice industry. The company’s core mission is to provide Independent Financial Advisers (IFAs) with cutting-edge financial planning software. This comprehensive software includes modules for initial client fact-finding, risk profiling, cashflow modeling, investment analytics, and Timeline Portfolios—cost-effective, high-performing model portfolios. What sets Timeline apart is its ability to deliver these tools as an integrated package, ensuring a seamless digital experience for IFAs in the UK.
Abraham Okusanya, Founder and CEO of Timeline, expressed his enthusiasm for the funding, stating, “This financing round will enable us to double down on our mission of providing financial advisors with cutting-edge technology that simplifies their workflow, elevates the client experience, and ultimately improves financial outcomes for millions of people in the UK. I’m truly delighted that our mission has resonated so deeply with financial advisers and our valued investors.”
The Series B funding will play a pivotal role in expanding Timeline’s reach and enhancing its product offerings. This investment will drive the development of new features, improvements to existing modules, and deeper integration with other financial platforms, further solidifying Timeline’s presence in the market.
Loic Fonteneau, who led the funding round for Blackfin Capital Partners, praised Timeline’s commitment to innovation and understanding of the financial advisory landscape. “Timeline has demonstrated a profound understanding of the financial advisory landscape and a resolute commitment to delivering innovative solutions,” said Fonteneau.
In 2023, Timeline continues its remarkable growth trajectory, building upon its recognition as “the UK’s fastest-growing discretionary fund manager” for both 2021 and 2022, as acknowledged by independent research firm Nextwealth. Moreover, Timeline stands out as one of the fastest-growing fintech companies to achieve the £3 billion AUM milestone.
Timeline’s Chairman, Adam Seale, emphasized the company’s commitment to continued organic growth and strategic opportunities in the market. This capital raise will not only support Timeline’s impressive organic growth but also provide flexibility for seizing strategic opportunities.
The seamless integration between Timeline’s planning software and its cost-effective model portfolios empowers IFAs to focus on nurturing strong client relationships while providing top-tier tools to deliver optimal outcomes for their clients.
Approval for this transaction has been obtained from the Financial Conduct Authority (FCA).
About Timeline:
Timeline is a financial technology company dedicated to helping millions of people plan, invest for, and enjoy retirement with confidence. It manages over £3 billion of AUM in its discretionary model portfolios and provides an integrated financial software suite, including Fact Finding, Cashflow, Risk Profiling, Reporting, and Portfolio Analytics.
About Blackfin Capital Partners:
BlackFin Capital Partners is an independent private equity and venture capital firm that invests in European companies across financial services and technology. As of June 2023, it manages more than $3 billion in assets under management. BlackFin has a venture strategy managing over $600 million and has invested in about 20 fast-growing fintechs and insurtechs to date.
